Box: Fiscal 3Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Box Inc. (BOX) on Wednesday reported a loss of $40.2 million in its fiscal third quarter.
The Redwood City, California-based company said it had a loss of 28 cents per share. Losses, adjusted for stock option expense, came to 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
Box: Fiscal 2Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Box Inc. (BOX) on Tuesday reported a loss of $38.1 million in its fiscal second quarter.
The Redwood City, California-based company said it had a loss of 27 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 5 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
INDIANAPOLIS (AP) — The Indianapolis area is getting its first baby box where people may anonymously surrender a healthy newborn without fear of criminal prosecution.
The box announced Thursday is going in at the Decatur Township Fire Department. The padded, climate-controlled box notifies authorities when it's been used.
NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday:
Cisco Systems Inc., down $1.70 to $43.46
The seller of switches, routers and software's results met expectations, but analysts worried about its profit margins and other issues.
Kroger Co., up 36 cents to $25.30
The company said it increased its investment in British online supermarket company Ocado.
Shares of Dropbox surge in first day of trading
NEW YORK (AP) — Shares of the digital file storage company Dropbox soared Friday in their stock market debut.
The stock rose $7.48, or 35.6 percent, to close Friday at $28.48 in its first day of trading on Nasdaq. It had climbed as high as $31.60 during the day.
The San Francisco company offered about 26.8 million shares of stock at $21 apiece, while selling shareholders were offering about 9.2 million shares. It had expected to price the shares in a range of $18 to $20.
Jack in the Box selling Qdoba for $305 million
NEW YORK (AP) — Jack in the Box is selling the Qdoba restaurant chain to private-equity firm Apollo Global Management for $305 million in cash.
The chain of Mexican restaurants has been a sore spot on Jack in the Box's overall business, posting same-store sales declines throughout the last year. The San Diego burger chain has been weighing its options with Qdoba for most of this year.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:
Bank of America Corp., down $1.42 to $22.57
Bank stocks fell more than the rest of the market as bond yields dropped, which hurts banks by driving down interest rates on loans.
Target Corp., up 51 cents to $55.04
The retailer's profits jumped 8 percent in the first quarter as its effort to turn its fortunes around gained traction. Online sales surged.
A list of the 97 companies opposing Trump’s travel ban
Nearly 100 companies, mostly in the technology industry, have joined in a court filing to back lawsuits from Washington state and Minnesota to fight President Donald Trump's travel ban.
Trump's executive order, signed Jan. 27, temporarily keeps refugees and travelers from seven Muslim-majority countries from entering the U.S.
The companies said the ban will hurt their businesses and the U.S. economy.
Here a list of the 97 companies opposing Trump's travel ban: